Business Exit Strategy Planning

Expert Business Exit Planning from Trusted Business Advisors

You’ve worked hard building your business from the ground up, and for many people a profitable business exit represents a lifetime achievement. It is the opportunity to reap the rewards of many years of hard work. Taggart & Partners can assist with meaningful business exit strategy planning that will maximise your chances of optimising the value of your business and achieving all of your personal goals.

Business exit strategy planning is the process of preparing for the transition of ownership of a business to a new owner or a different company. The transferring of business ownership can be wrought with difficulties and challenges, so having an exit plan in place can make the whole process a lot easier and help ensure the owner receives the best value for their business.

Contact us now to get started with your business exit planning today!

Business Exit Strategy Planning is Different for Every Business

Different business owners have different goals for their business. Some entrepreneurs have wealth creation as a primary business goal. For them selling a business to a private equity firm can be appropriate. Other business owners who are more attached to their business may want to see the business live on in its current form. In that cased, a family succession plan or the sale of the business to its current employees can be the best option. No matter the situation, Taggart & Partners can advise you on the best planning strategies to make sure the transition of ownership of your business happens smoothly.

The Primary Business Buyers and Exit Strategy Types:

A private equity firm
Another business
Employees
Family succession
Bringing the business public
Shutting down and liquidating assets

Any of these strategies can be profitable or help the business owner reach their goals. Let the team at Taggart & Partners help you to determine which exit strategy is best for you and your business, and how to best approach business exit planning.

Contact us on 07 3391 1188 or get in touch via the online form to discuss your options and begin the process of planning for your business exit.

Reasons Why a Business Exit Strategy is Important

Business exit strategy planning is important, and it’s important to start planning well before you transfer ownership of the business. All too many business owners leave the planning of their exit strategy until the decision has been made to exit the business. This can lead to the business being valued at less than what the owner had expected.

Completing robust business exit planning can help attract the best potential buyers and protect assets. A potential buyer is likely to scrutinise your business, and proper planning will allow you to prepare for and anticipate everything to make the deal more secure. Careful planning is also important for making sure your documentation is in order and to make sure everything is set for negotiations.

An exit plan is not only about the sale of a business – it is also about transferring skills, knowledge and other intangible assets to the future owner. Exit planning can help in every aspect of the sale of a business.

Getting Help from a Firm with Experience

Business exit planning can be difficult, so it is to your advantage to get help from an experienced source. The business transition team at Taggart & Partners specialises in assisting business in the transition of ownership through exit planning in ways that maximise value.

Contact Taggart & Partners Today!

Taggart & Partners serves as a large and small business accountant, as well as a business advisory services firm. We proudly assist business like yours with business exit strategy planning and asset protection strategies. Please get in touch if you’d like to see how we can help. Give us a call on 07 3391 1188 or you can contact us by using our online form.

Please tell us about your business accounting needs below and we’ll schedule a consultation!

Taggart & Partners – Business Accountants

5.0

Based on 44 reviews

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My sincere appreciation for the time and good advise given to me by Ray Taggart. Thank you very much!

Annamarie Theron

04:25 29 May 24

Moving over to Ray and the team at Taggert & Partners has been the best decision I have made. They have given useful and informative financial advice in a way where it has been easy to understand and digest. The team are always available at short notice to answer any questions I may have. I would have no hesitation whatsoever in recommending Taggert and Partners for your personal and/or business tax requirements.

Kirby Saunders

04:15 30 Oct 23

Ray was extremely kind at giving me his professional wisdom today. I can see that this man is the type of person that cares about his clients and puts their needs first. Thank you Ray! It was a pleasure speaking with you today!

stephanie lee-harper

00:30 20 Feb 23

My partner and I have had such a pleasant experience so far with Ray and his team. There are always smiling faces to meet you at the office door or someone on hand to offer advice via phone call. No job is too big or too small. Ray makes us feel confident in our decision making and always steers us in the right direction (if he can’t do it he will know someone who can). We look forward to future endeavours with Ray and his fabulous team.

Keri Ashmore

01:49 01 Nov 21

It is an absolute pleasure to work with the experienced team at Taggart &Partners. Thank you for lodging my tax returns in an accurate, efficient and very professional manner, great experience, great work. They make a difficult job simple and now I finally have piece of mind .Attention to detail , proactive attitude combined with competitive pricing makes me proud to recommend the to anybody who appreciates quality .Great advice is always a phone call or email away for us.Thank you

Mirela Herman

09:45 03 Mar 21

We first met Ray and the Taggart team around ten years ago when our business bought us together via a mutual friend. This opportunity allowed us to work with the Taggart team for a couple of years.Our business has now bought us back to Ray and his team on our accord. Great to see some familiar faces in the office and to be working with the Taggart team again. Ray’s attention to detail and motivation to see the best outcome for both your business and personal life is something the Taggart team take very seriously. Professionalism, understanding and knowledge lead the way in the Taggart office.Cameron and Nicole Burke

Nicole Burke

10:31 08 Feb 21

“Taggart & Partners is the ideal accounting firm for our business. They have great client service, are willing to help with just about anything and are very experienced with our industry. They take the time to discuss our objectives and always seem to get things done either on time, or early. We like the fact that they are local and always within reach and overall they are just a great team to work with.”

David Nommensen

07:46 13 Jan 21

Taggart & Partners have been an integral part of our growth journey and have guided us each step of the way. The structure they have set up for us has benefited us exponentially and allowed us to aim far bigger a lot more quickly that we would have with out them. They communicate at a level that we can interpret and understand unlike previous accounting firms we have worked with. They have a genuine interest in our business and seeing us succeed and therefore we have a lot of trust in the services that they provide us.

Uniqwa Collections

23:31 27 Dec 20

Hubby and I myself are a family owned framing and construction business were referred to Ray and his team for all our tax needs.As a fresh company tax was daunting and not something we looked forward too, until we met taggart.They take on all the stress and are always finding new and effective ways to help our business structure and finances improve. Our tax has improved significantly and it’s been such a easy process. Highly recommend Ray and his team! 🙂

Apex Framing & Construction

13:14 15 Dec 20

Ray offered a very professional service and was incredibly helpful.

Jack Radford Smith

07:31 03 Sep 20

I was recommended & moved over to the team at Taggart & Partners accountants earlier this year.My reasons for exiting my original accountants was due to their lack of effort & lack of feedback in assisting me effectively run my business.Ray & the team have proved to be exceptional & highly proactive. They are saving me a large amount of money each year & greatly assisted with existing years tax return issues.Thank you so much – you are a huge asset to my business.Cavan Bailey – Hire a Hubby Sinnamon Park

Cavan Bailey

04:26 24 Jul 20

Ray and his team helped us create an extremely tax effective structure to reduce our tax obligations, maximise our returns and protect our company and private assets. We can now plan for retirement with confidence and certainty. I would highly recommend Taggart & Partners and only wish I’d changed accountants years ago! (The reserved parking sign with our names on it was also a nice touch!)

Paul Hewish

21:40 08 Mar 20

I was introduced to Ray Taggart when I abruptly learnt that “our existing accountant wasn’t an accountant!”Ray and his team immediately took us on board and over a short period of time ensured compliance when it was needed the most.To know that you have a support team in the background such as Taggart & Partners, a team who will ensure that all aspects of owning and operating a small business is kept compliant, is a breath of fresh air.Ray and his team are always on the other end of the phone (or email) and a response to queries is always received within twenty fours – much different to what we had become used to in the past.I cannot recommend Taggart & Partners enough, thankyou!

Tracey Sims

05:51 14 Nov 19

Accountants with a heart. Ray and his team went above and beyond for me and were extremely responsive and efficient at completing work. Highly recommend!

Alyse Grace

04:54 24 Sep 19

A great professional and friendly accounting firm. They go above and beyond in every aspect. No matter is too small or too big for them to handle. I would highly recommend them.

Justin Kennon

22:11 27 Aug 19

Madeline Stafford

19:46 27 Aug 19

I met Ray with my Book keeper as we were interviewing accounting firms to take over our business restructure which had experienced some set backs. We were a tough crowd. Taggart’s was the 3rd firm we’d interviewed and 5 minutes in we both knew there wasn’t anyone we’d talked to at his level of professionalism and effort to understand exactly who his potential clients where and what they needed. We walked away both relieved and invigorated that with Ray and his team we’d be alright. . We just presented as a small business in need of help and we had the red carpet rolled out, we weren’t under sold or over sold. It was just right. Everything was focused and detailed toward our needs and solutions. I’m still blown away by the experience and I’m now trying to model my own business and practice after the experience we’ve had with Taggart and partners. Taggart’s runs as a team with everyone bringing their areas of talent to the table for the client. We had Sheree, Mitch, Sam and Danella all co-ordinating and giving and taking instructions without any confusion or pressure, they really knew how to communicate within the organisation to avoid any overlap or confusion, and with us, so we didn’t get swamped. We’re completing 2 years of returns and the structure has been enlivened and refocused on our plans and goals. I couldn’t be happier and my wife and business partner is also really happy. A long over due win for us. 5 plus star.

Sakura Family Clinic Dr Mayumi Yoshida & Dr Dion Dewar

01:04 21 Aug 19

I am a new client of Taggart & Partners and have many questions about my business structure and general accounting. Ray has answered all my queries with professionalism. He and his staff have provided an excellent and friendly service. I expect to be a client for many years to come.

Julie Hosking

03:05 19 Jul 19

Ray and his team have been friendly and helpful from the very beginning and have provided us with knowledge and advice. Looking forward to working with this company in the future. Highly recommend to anyone looking for an accountant.

Chris Riley

02:58 19 Jul 19

If you want a company that can understand the varying needs of individuals circumstances and how best manage them you cannot go past Taggart & Partners. From the start Ray and his team have provided a wealth of knowledge and support with how to better manage my companies and trusts. I would highly recommend Ray and his team at Taggart & Partners! After many years of searching I have now found a company that is professional and provides accurate advice when needed. Not to mention Ray and the team are extremely friendly and welcoming!

Andrew Allinson

02:06 18 Jul 19

We’ve recently become clients of Taggart & Partners after knowing Ray & Suzi professionally/personally for 10+ years. The change over from my previous accountant handled with ease/care, and the first 12 months has been eye opening. There is clear concise communication, a pro-active mentality, and a whole of team office culture that makes you feel like you’re their most important client. Working with an Accountant/Business adviser shouldn’t be seen as just a business cost, it should be seen as an investment, and switching to Taggart & Partners has been one of the best business investment decisions I’ve made in the last decade.

Aron Burtenshaw

22:55 17 Jul 19

From the beginning, everyone that I spoke to at Taggart&Partners was professional, friendly, and helpful. They gave great business advice and provided a timely service. Really happy all around and would highly recommend!

Alexandra Hopson

01:23 02 Jul 19

The entire team at Taggart & Partners are highly professional in their approach. They address concerns promptly and are very good with communication. The staff are all very friendly and helpful. Highly recommended.

Phil & Donna Parker

10:10 30 Jun 19

Great prompt service by Ray and his professional piers, very happy to be a customer of these professional firm, great work guys , well done guys , very recomended!!!!

Tomer Lalezari

10:50 24 Jun 19

Raymond Taggart has been a pleasure to work with. His knowledge of asset protection and effective taxation minimisation strategies is second to non.It’s been great to have an accountant that also specialises in SMSF and financial planning, as you are able to work out the company and personal strategies for cashflow, investments and wealth creation. His knowledge has meant our companies were set up properly from the start and their structure has helped us grow and save money on taxation. Great advice and good pricing. They go above and beyond for their clients and add personal touches. I highly recommend Raymond Taggart.

Jenny Wallis

06:04 23 Jun 19

Ray is a wealth of knowledge. I had minimal understanding of taxation, asset protection and tax minimalisation and Ray explained everything to me in a way that made sense. I felt instantly at ease an comfortable. Time wasn’t an issue he just wanted me to understand everything. He has a solution to every scenario that is at your best interest and he is willing to go far and beyond to assist you to reaching your end goals. He is real and true to his word. I have found this vey rare to find but Ray does it naturally.If you are wanting someone who cares and understands accounting Ray is your man…. Couldn’t be happier

Kelly Walsh

11:51 20 Jun 19

Professional, on point and worked to time line. Thank you

helen masters

04:18 09 Apr 19

Great advice and communication

Dylan Conway

05:52 03 Apr 19

Ray Taggart and his team are professional, proactive and focused on delivering an optimised outcome for you as an individual client. They will work with you to make sure that your obligations are met yet they also ensure that they apply a strategic lens over your whole operation. Highly recommend.

Paul Miley

22:56 11 Mar 19

Highly recommend. Raymond was great to deal with, very professional and quick to respond to all my questions. I will definitely be using Taggart & Partners for all my future accounting needs.

Eleanor Wotton

05:24 19 Feb 19

Mitch and the team at Taggart & Partners are a pleasure to deal with. Always willing to provide support and answer even the most elementary questions!! Awesome for someone starting a business, navigating through tax, accounting principles etc, and wanting to grow!

Kathrin Mutinelli

09:13 05 Feb 19

The team at Taggart & Partners are extremely helpful and a delight to deal with! We are very pleased with the professionalism from the whole team. Their response is very timely and they don’t leave any loose ends. We would recommend Taggart & Partners without hesitation.

Ashlee Stanfield

23:36 24 Jan 19

The professionalism and attention to detail this firm provides is unlike anything I’ve experience previously in the accounting world. Phone calls are returned on time, appointments and communication are done without requirement of follow up. Ray and his team are first class, would highly recommend.

Mitch Whalley

02:20 20 Jan 19

It is a pleasure to deal with Taggart & Partners. Professional, prompt and nothing is too much trouble. Team Taggart definitely go the extra mile for you as a client. As a professional operating my own small engineering consultancy practice for the last 18 years, I highly recommend Taggart & Partners.

Peter Zemek

06:25 26 Nov 18

Ray and his team are the most personable accountants I know! So professional and responsive to all your needs. The best people to have on your team.

Natalie Cook

10:41 20 Nov 18

I always have confidence in the team at Taggart & Partners to provide helpful advice and support. It means I can focus on what I do without any worries.

Andrea Misso

22:42 28 Sep 18

When i decided to start my own business in 2017 I knew i needed to get my business structure right from the get go. After spending time with Ray Taggart he was quick to identify in the first year of operation a $34,000 tax saving followed by a future tax saving of $9,570 for the company.Without question i would highly recommend Ray Taggart and his team at Taggart & Partners Accountants & Business Advisers to either entrepreneurs or established businesses looking to minimize your tax, mitigate risk and protect your assets.

Trent Butler

10:19 19 Sep 18

Before working with Ray and the team at Taggart and Partners I knew my structure wasn’t right, but I didn’t know where to start or what to do about it.From my very first meeting with Ray it was clear to me that he is not your typical accountant. He explained things in a clear manner that made perfect sense. He has provided tax effective advice and strategies and has make the transition from my previous accountant seamless. The best part is he is great to deal with. In fact, all his team are responsive, professional and supportive.Because of working with Ray, I have no doubt that I am in the best situation I can be. I recommend Ray and his team to any business owner who wants to work with a team who is committed to getting the very best for their clients. Thank-you Ray and the team at Taggart and Partners.

Kylie Chown

04:50 19 Sep 18

Ray is a fantastic guy and we trust these people to do their job well. Very positive results thus far.

Matt Warwick

00:44 19 Sep 18

Taggart and Partners have been our Accountants for the last couple of years – personally and for our business. They offer us great service and quality advice. When growing a business you need an accountant who can help you put the right structure in place and give you advice on how you can continue to grow.Ray always makes time to sit down with us and understand what we need or are trying to achieve. Its always a pleasure!

Liz W

04:03 22 May 18

I was very impressed with the results Ray achieved for my company.He was very professional and efficient and the outcome was excellent and quick.I recommend Taggart&partners to anyone who wants a professional,easy and fast result.

mark simpson

22:55 30 Apr 18

Colin Jeffery

05:43 10 Apr 18

Taggart & Partners service and advice is always “on point”. They are professional, informative and helpful whilst consistently providing the best possible solutions and outcomes.

Sonya Daly

04:30 09 Apr 18

Fantastic service. Quick, Easy and professional. Highly reccommend

Jen Hobson

00:49 09 Apr 18

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Frequently Asked Questions

What is Business Exit Strategy Planning?

Business exit strategy planning refers to the process in which business owners develop a structured plan for leaving or selling their business. This planning is critical for ensuring that the owner can maximise the value of their business while minimising potential risks and complications that might arise during the transition. An exit strategy provides clarity on the desired future, whether it involves selling the business, transferring it to family or employees, or even closing it down.

What are the Keys to Successful Business Exit Planning?

Successful business exit planning hinges on a combination of early preparation, clear objectives and accurate valuation. Starting the planning process well in advance allows a business owner to enhance their company’s value by focusing on operational improvements and financial stability. Setting specific personal and financial goals for the exit, alongside a thorough understanding of legal and tax implications, is crucial for a smooth transition. Professional assistance is of great value in this regard and should be sought out. Contact Taggart & Partners today for more information.

What is the Best Exit Strategy for a Business?

The ideal exit strategy is one that aligns with the owner’s long-term objectives while ensuring the business’s sustainability and post-exit growth. Business owners should assess their financial needs, the readiness of potential successors, and the broader market dynamics to choose the most suitable approach, preferably with the assistance of an experienced professional advisor to navigate the complexities involved. Contact Taggart & Partners to learn more and to get started with business exit strategy planning.